Next says Middle East conflict could raise clothing prices by up to 10%

Next has upped its profit guidance by £8m to £1.2bn for the year to January 2027. Photograph: Roger Bamber/Alamy

The boss of Next has said clothing prices could rise by 4% to 10% if conflict in the Middle East extends into the autumn and factories are hit by higher fuel and fabric costs.

Simon Wolfson said the clothing and home retailer had so far seen little disruption to its supply chain.